Planning for Brexit
The Bank of England has written to the UK’s biggest financial firms, urging them to plan for “all eventualities” as a result of the UK leaving the European Union. BBC News reported on 7 April that Bank governor Mark Carney said the “vast majority” of City firms already had contingency plans in place.
It is vital that, similarly, SMEs should plan for life after withdrawal. A recent survey has estimated that up to 75% of UK businesses have made no plans for Brexit despite it being a major source of concern.
We can assist you with your European corporate structure or in setting up a trading entity within the EU as well as reviewing your commercial contracts with your partners and contacts in Europe.
Please contact Steen Rosenfalck for an initial consultation.